You are accruing a pension at Astellas Pension Fund. Since 2015, our fund has had an average earnings scheme, also known as a CDC scheme (collective defined contribution) or benefit agreement. When you retire, you will receive a monthly pension benefit from this scheme.
Your accrual rate will be 1.65% in 2020
The partners in the collective labour agreement, i.e. the employer and the trade unions, have entered into agreements regarding a fixed pension contribution paid by you and your employer. The accrual that can be granted on the basis of this contribution is calculated annually. Based on the pension contribution paid to the fund, the Board of the Astellas Pension Fund can grant accrual of 1.65% for 2020. That means you will accrue slightly more pension than in 2019. The aim for the coming years is to maintain the accrual rate of 1.65%.
Your pension is not being increased
As money usually becomes worth slightly less each year, we try to increase your accrued pension each year. Unfortunately, our financial situation does not allow for an increase at this time. On the other hand, we do not have to reduce pensions.
Indexed increase from 2020
The maximum increase used to be tied to the increase in collective labour agreements. From 2020 onwards, the increase will be tied to the increase in prices as determined by Statistics Netherlands (Centraal Bureau voor de Statistiek, CBS) as at October of each calendar year. This method was already used to increase the pensions of pensioners and former employees of Astellas.
Other key figures for 2020
Below is an overview of the key figures for your pension in 2020.
2020 | 2019 | |
Deductible (the amount over which you do not accrue pension because you also receive state pension (AOW) | € 15,179 | € 14,771 |
Maximum pensionable salary | € 110,111 | € 107,593 |
Pension contribution (% of pension base) | € 33.6% (your employer pays 23.52 of this, and you pay 10.08% | 29.9% |
Target retirement age | 68 years | 68 years |
Old-age pension accrual rage | 1.65% | 1.61% |
Partner's pension accrual rate | 1.155% | 1.127% |
Do you have any questions?
Please contact us. We are more than willing to help you.